Economy

Almost 70 per cent of mortgages in Australia were being written by brokers earlier this year, according to the MFAA’s latest Industry Intelligence Service report.

As Australia’s annual consumer price index has dropped to a rate of 6.8 per cent in August from 7 per cent the month earlier, economists review their cash rate predictions.

With another 50-bp rate rise increasingly likely, one economist has warned that the Reserve Bank is putting the economy at risk.

The corporate regulator has reminded the finance sector of the whopping debt owed to millions of consumers, by updating its guidance.

The Treasurer has expanded the CDR draft legislation to give customers more control on how they manage their data.

While units have been more “resilient” to price falls, compared to houses, the latest data reveals the downswing has kicked in.

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

A research paper by the central bank has shone a light on the effectiveness of stress-testing banks during the COVID-19 pandemic.

The RBA’s deputy governor said pandemic spending has blown the central bank’s budget out by more than $35 billion.

An expert has predicted that as much as 30 per cent of houses in regional Australia will be constructed using 3D-printing technology within the next 10 years.